Trying to find a home to purchase can be an intensive search, but one thing that’s for certain is that you want to enjoy it if you purchase it. You have to think about things like the style of home you want and the location. Once you find a property that you want to purchase, you need to do some investigation of it. One factor to look for is whether there is an easement on the property because some easements might affect the way you can use the property.
An easement gives another party the right to use a specific area of the property for a certain reason. There are a few different types of easements, so it’s imperative that you learn the specifics of the one that’s issued on that property.
Why would a property have an easement?
Many situations might lead to an easement. One is that someone needs to go through a property to access their own property. This would be necessary if two homes have a shared driveway that’s built on one of the properties. It’s also possible that an easement is due to a utility company needing to access the property. Another situation is if there is a homeowner’s association or condo association that needs to access a certain part of the property.
While it’s possible that an easement will be permanently attached to land, some have expiration dates. Knowing this information might help you to make an informed decision about whether you want to purchase a property or not. Your attorney can review the information and help you to get answers to any questions you might have about the easement and how it will affect your ability to enjoy the property as you intend.